Celltrion, Inc. Stock Forecast
Weaker technical forecast for Celltrion, Inc. as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
The Celltrion, Inc. stock price gained 0.80% on the last trading day (Friday, 3rd May 2024), rising from ₩187,500.00 to ₩189,000.00. During the last trading day the stock fluctuated 1.12% from a day low at ₩187,500.00 to a day high of ₩189,600.00. The price has been going up and down for this period, and there has been a 6.72% gain for the last 2 weeks. Volume fell on the last day by -244 thousand shares and in total, 308 thousand shares were bought and sold for approximately ₩58.27 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩191,017.87 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Celltrion, Inc. stock with a 90% probability to be traded between ₩170,495.87 and ₩190,551.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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068270.KS Signals & Forecast
The Celltrion, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩183,242.86 and ₩182,068.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Tuesday, March 05, 2024 and based on theory for this formation the price should go up by 6.36% to ₩201,014.29 within 7 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Celltrion, Inc. stock
Celltrion, Inc. finds support from accumulated volume at ₩187,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩2,100.00 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (068270.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Celltrion, Inc. to open at ₩188,700.00, and during the day (based on 14 day Average True Range), to move between ₩184,031.91 and ₩193,968.09, which gives a possible trading interval of +/-₩4,968.09 (+/-2.63%) up or down from last closing price. If Celltrion, Inc. takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩190,000.00 (0.53%) than the support at ₩187,500.00 (0.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Celltrion, Inc. stock A Buy?
Celltrion, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.016 Sell Candidate Downgraded
Predicted Opening Price for Celltrion, Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩188,700.00 ( 0.159%) | ₩189,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 068270.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 190,800.00 | 0.95 % | |
| R2 | 189,997.80 | 0.528 % | ||
| R1 | 189,502.20 | 0.266 % | ||
| Current price: | 189,000.00 | |||
| Support | S1 | 187,897.80 | -0.583 % | |
| S2 | 187,402.20 | -0.85 % | ||
| S3 | 186,600.00 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191,200.00 | 1.16 % | |
| R2 | 190,100.00 | 0.582 % | ||
| R1 | 190,000.00 | 0.529 % | ||
| Current price | 189,000.00 | |||
| Support | S1 | 187,500.00 | -0.794% | |
| S2 | 180,800.00 | -4.34% | ||
| S3 | 179,700.00 | -4.92% |
068270 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩0 | 0% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩375.00 | 0.227% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩721.15 | 0.373% |
| 4 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩18.66 | 0.0496% |
| 5 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩83.86 | 0.281% |
FAQ
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